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☆ A ‘New’ Beatles Song Reunites the Voices of John, Paul, George and Ringo
▼ + stars: | 2023-10-26 | by ( John Jurgensen | ) www.wsj.com time to read: 1 min

George Harrison counts in, then solemn piano chords give way to the voice of John Lennon . He sings a wistful melody as the tune builds around an insistent drumbeat, stabbing strings and backing vocals by Harrison, Paul McCartney and Ringo Starr . The chorus: “Now and then, I miss you…”It’s a 4-minute, 8-second rock ’n’ roll séance, a new recording that conjures an uncanny mix of past and present from history’s most unforgettable band, half of which is now deceased. It’s “the last Beatles song.”

Persons: George Harrison, John Lennon, Harrison, Paul McCartney, Ringo Starr, It’s, ”

☆ Valero tops profit estimates in strong start to U.S. refiner earnings
▼ + stars: | 2023-10-26 | by ( Arunima Kumar | ) www.reuters.com time to read: +2 min

The logo for Valero Energy Corporation is shown at a Valero gas station in Encinitas, California, U.S., May 2, 2016. REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies Valero Energy Corp FollowOct 26 (Reuters) - Refiner Valero Energy (VLO.N) beat analysts' estimates for third-quarter profit on Thursday, powered by sustained fuel and refined products demand against the backdrop of tight supplies. For the current quarter, Valero expects refining throughput between 2.93 million and 3.04 million bpd. The Diamond Green Diesel Port Arthur plant, which started up in the fourth quarter of 2022, boosted the sales volumes, Valero said. The 3-2-1 crack spread, a proxy for refining margins, fell around 35% during the July-September quarter.

Persons: Mike Blake, Lane Riggs, Valero, refiners, TD Cowen, Jason Gabelman, Arunima Kumar, Sriraj Organizations: Valero Energy Corporation, REUTERS, Companies Valero Energy Corp, Refiner Valero Energy, Valero, Green Diesel, U.S ., Thomson Locations: Valero, Encinitas , California, U.S, Saudi Arabia, Russia, Green Diesel Port Arthur, U.S . East Coast, San Antonio , Texas, Bengaluru

☆ From Bill Gates to the pope, talk of carbon capture and its efficacy is dividing society
▼ + stars: | 2023-10-25 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +5 min

In this article BP.-GBMSFTBKR Follow your favorite stocks CREATE FREE ACCOUNTThis image from 2016 shows a carbon capture project in Texas. Other processes in the sector include direct air capture, with firms like Climeworks operating in the space. Climeworks, which specializes in direct air capture and storage, has offices in Switzerland and Germany. Its clients include businesses such as Stripe and Microsoft , and the Microsoft Climate Innovation Fund has invested in the company. While carbon capture has its advocates, the technology is divisive and has been questioned by a range of organizations.

Persons: Baker Hughes, Lorenzo Simonelli, Simonelli, Bill Gates, Gates, Bob Dudley, there'll, We've, Dudley, — that's Organizations: Houston Chronicle, hearst Newspapers, Getty, Hearst Newspapers, CNBC, ADIPEC, U.S . Department of Energy, Microsoft, Innovation Fund, BBC, Breakthrough Energy, International Energy Agency, Greenpeace Locations: Texas, Abu Dhabi, United States, Europe, Switzerland, Germany, Kenya, Paris

☆ Capitals continue search for offense against Devils
▼ + stars: | 2023-10-25 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

The Devils went 2-for-4 on the power play and are 11-for-25 with the man advantage. 300 on the power play -- and finished with 14 shots on goal. You could tell that early, especially that first power play, that it was coming to the cage today. The Capitals are 1-for-16 on the power play, with Ovechkin's goal ending an 0-for-15 skid. Hunter Shepard will make his NHL debut against the Devils while backup Charlie Lindgren remains on the injured list.

Persons: Tyler Toffoli, Jack Hughes, Vitek Vanecek, Hughes, Toffoli, we've, Lindy Ruff, you've, They're, Joseph Woll, Alex Ovechkin, Ovechkin, It's, Spencer Carbery, Darcy Kuemper, Hunter Shepard, Charlie Lindgren, Shepard Organizations: New Jersey Devils, Washington Capitals, Devils, Montreal Canadiens, Capitals, Toronto Maple Leafs, New York Islanders, Montreal, NHL, Toronto, Washington, Hershey, AHL, Calder, Bears, Thomson Locations: Newark , N.J, New Jersey, Toronto, Minnesota

☆ UniCredit 'rebalancing' Amundi relationship in fee income drive
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

It's rebalancing a little bit, and will rebalance going forward," UniCredit CEO Andrea Orcel told analysts when presenting the bank's third quarter results. Sources told Reuters in May that UniCredit had been trimming the proportion of Amundi funds in its total AUM, paying penalties for failing to meet contractual minimums. Orcel said UniCredit will maintain its current "open architecture" approach to asset management, which involves partnering with all major players, including Amundi, to offer "best in class" products. Since taking over at UniCredit in 2021, the former investment banker, has been working to boost revenue from asset management in an effort to increase net fee income as a proportion of UniCredit's overall revenue. As he sought to review the 10-year Amundi distribution deal, Orcel signed an agreement with Azimut (AZMT.MI) in late 2022 giving the Italian asset manager access to UniCredit's clients.

Persons: Dado Ruvic, UniCredit, Amundi, It's, Andrea Orcel, Orcel, Valentina Za, Alexander Smith Organizations: REUTERS, Reuters, BlackRock, Thomson Locations: UniCredit, Italian

"Children ... have started to develop serious trauma symptoms such as convulsions, bed-wetting, fear, aggressive behaviour, nervousness, and not leaving their parents' sides," said Gaza psychiatrist Fadel Abu Heen. More than 4,100 Palestinians have been killed in Gaza so far, including more than 1,500 children, while 13,000 people have been injured according to the Palestinian health ministry. Conditions in makeshift shelters in United Nations schools, where more than 380,000 people are camped out in hope of escaping the bombardment, only compound the problem. They cry all night, they pee themselves without meaning to and I don't have time to clean up after them, one after the other," said Tahreer Tabash, a mother of six children sheltering in a school. A 2022 report by aid group Save the Children found the psychosocial wellbeing of children in Gaza at "alarmingly low levels" after 11 days of fighting in 2021, leaving half of all Gaza children in need of support.

Persons: Khan Younis, Mohammed Salem, Fadel Abu Heen, Tahreer Tabash, Tabash, Abu Heen, Ibrahim al, Agha, Nidal al, Angus McDowall, Crispian Balmer, Mark Heinrich Our Organizations: United Nations, REUTERS, Israel Little, Hamas, Thomson Locations: Gaza, GAZA, U.N, Israel, Gaza City, Abo, wailed

☆ Meet the typical at-work ChatGPT user: A millennial secretly submitting writing tasks who's a bit worried AI will replace them
▼ + stars: | 2023-10-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Workers using ChatGPT are likely to be a millennial, college educated, and seeking help with writing tasks. The typical worker using ChatGPT is using it for writing tasksWorkers mentioned in story not pictured. The typical worker using ChatGPT is doing so in secretA remote worker. In the subsequent months, it's likely that many workers using ChatGPT have been forced to continue doing so at least partially in secret. The typical worker using ChatGPT is a bit worried the tech could take their job somedayApplicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022.

Persons: —, ChatGPT, they've, AJ Eckstein, Lais Silva, she'd, Gen Zers —, they'd, James Crisp, Tricia LaRue, It's, hadn't, it's, they're, Goldman Sachs Organizations: Workers, Service, Fortune, Google, realtors, Getty, Pew Research, MIT, Reuters, Deloitte, North American, Associated, Gallup Locations: Jersey, Missouri, Atlantic City

☆ Iran Holds State-Organised Rallies in Support of Palestinians
▼ + stars: | 2023-10-13 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

(Reuters) - State-organised rallies were held across Iran on Friday in support of Tehran's Palestinian Islamist ally Hamas and against the ongoing Israeli bombardment of the blockaded Gaza Strip, state TV reported. Israel has been pounding Gaza with air strikes and artillery fire since the deadliest ever Hamas attack on Israel last weekend. Tehran's state television described the Iranian rallies as "screams of a common pain ... However, the Islamic Republic's government's unwavering support for Hamas and other militant Palestinian and Lebanese groups does not have wide popular support in Iran. Iranian Foreign Minister Hossein Amirabdollahian was in Beirut on Friday to discuss the Israel-Hamas war with Hezbollah.

Persons: Hamas, Israel, Hossein Amirabdollahian, Mark Heinrich Organizations: Reuters, Gaza, Hamas, Iranian Locations: Iran, Palestinian, Gaza City, Israel, Lebanese, Gaza, Tehran, Islamic Republic, Beirut

☆ What Wall St, policymakers have to say on potential Exxon-Pioneer deal
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +3 min

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. A deal would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. Following are the comments on the likely deal. BILL SMEAD, CHIEF INVESTMENT OFFICER OF SMEAD CAPITAL MANAGEMENT"I can't imagine any deal is going to go for less than $65 billion, considering Pioneer is currently trading around $50 billion . I mean there's no question the position of that magnitude or size would give them considerable leverage in negotiating or contracts with the service providers."

Persons: Lucas Jackson, BILL SMEAD, PETER MCNALLY, Scott Sheffield, SHELDON WHITEHOUSE, BEN COOK, HENNESSY, NEAL DINGMANN, Arunima Kumar, Sourasis Bose, Sabrina Valle, Raphael Satter, Arun Koyyur Organizations: Exxon Mobil Corporation, New York Stock Exchange, REUTERS, Exxon Mobil, Natural Resources, Mobil, RBC, RHODE, Exxon, Thomson Locations: New York, United States, Bengaluru, Houston

☆ Exxon-Pioneer deal talks: What Wall St, policymakers have to say
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +4 min

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. It would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. MATTHEW BERNSTEIN, SENIOR SHALE ANALYST, RYSTAD ENERGY"If Exxon Mobil is crowned the undisputed king of the Permian in the coming days, the shale sector will fundamentally become a more mature consolidated business." "A deal the size of Exxon Mobil's potential acquisition of Pioneer, however, could usher in a new 'Shale 4.0' era ... BILL SMEAD, CHIEF INVESTMENT OFFICER OF SMEAD CAPITAL MANAGEMENT"I can't imagine any deal is going to go for less than $65 billion, considering Pioneer is currently trading around $50 billion .

Persons: Lucas Jackson, MATTHEW BERNSTEIN, MARK VIVIANO, Scott Sheffield, BILL SMEAD, PETER MCNALLY, SHELDON WHITEHOUSE, BEN COOK, HENNESSY, NEAL DINGMANN, Arunima Kumar, Sourasis Bose, Sabrina Valle, Raphael Satter, David French, Sriraj Kalluvila, Arun Koyyur Organizations: Exxon Mobil Corporation, New York Stock Exchange, REUTERS, Exxon Mobil, Natural Resources, Mobil, Exxon, RBC, RHODE, Thomson Locations: New York, United States, Bengaluru, Houston

☆ Thailand's new prime minister courts US companies for investment
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

Thailand's Prime Minister Srettha Thavisin speaks during a press conference after a weekly cabinet meeting at the government house in Bangkok, Thailand, September 13, 2023. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Sept 22 (Reuters) - Thailand's new Prime Minister Srettha Thavisin met with U.S. companies including Microsoft (MSFT.O), Google (GOOGL.O), and Estee Lauder (EL.N) in his first trip abroad since coming to power last month, looking to draw investment to boost a flagging economy. The prime minister also held talks with banks. "To service foreign investments, we will need financial institutions ... Goldman Sachs (GS.N) said they will consider setting up an office in Thailand," Srettha said. In the first six months of 2023, investment pledges to Thailand rose 70%, driven by Chinese auto investors.

Persons: Srettha Thavisin, Athit, Estee Lauder, Srettha, I've, Tesla, Elon Musk, Goldman Sachs, Chayut Setboonsarng, Lincoln Organizations: Thailand's, REUTERS, Rights, U.S, Microsoft, Google, General Assembly, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, New York

☆ Thailand's New Prime Minister Courts US Companies for Investment
▼ + stars: | 2023-09-21 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

BANGKOK (Reuters) - Thailand's new Prime Minister Srettha Thavisin met with U.S. companies including Microsoft, Google, and Estee Lauder in his first trip abroad since coming to power last month, looking to draw investment to boost a flagging economy. That is a challenge for Srettha, who is aiming to grow Southeast Asia's second-largest economy by 5% each year. The prime minister also held talks with banks. "To service foreign investments, we will need financial institutions ... Goldman Sachs said they will consider setting up an office in Thailand," Srettha said. In the first six months of 2023, investment pledges to Thailand rose 70%, driven by Chinese auto investors.

Persons: Srettha Thavisin, Estee Lauder, Srettha, I've, Elon Musk, Goldman Sachs, Chayut Setboonsarng, Lincoln Organizations: U.S, Microsoft, Google, General Assembly, Tesla Locations: BANGKOK, Thailand, New York

Polish leaders have compared Ukraine to a drowning person hurting his helper and threatened to expand a ban on food products from the war-torn country. Meanwhile, Ukrainian President Volodymyr Zelenskyy suggested that EU allies that are prohibiting imports of his nation’s grain are helping Russia. All the EU countries will keep allowing Ukrainian products to move through their borders to world markets. Russia dealt a huge blow by withdrawing in July from a wartime agreement that ensured safe passage for Ukrainian grain through the Black Sea. Ukraine also threatened this week to ban some Polish food items, but appeared to back off that.

Persons: Volodymyr Zelenskyy, “ Alarmingly, they’re, ” Zelenskyy, Pawel, “, Vasyl Zvarych, Jablonski “, Andrzej Duda, Mateusz Morawiecki, ” Morawiecki, Nikolai Denkov, Veselin Toshkov Organizations: Union, EU, World Trade Organization, General, Polish Foreign Ministry, Law, Justice, Croatia, Kyiv, General Assembly, Russia, Confederation, Polsat, Russia Socialist Locations: WARSAW, Poland, Kyiv, Warsaw, Russia, Ukraine, Europe, Moscow, Hungary, Slovakia, Croatia, New York, EU, Ukrainian, Bulgaria, Sofia

☆ Disney CEO says company will 'quiet the noise' in culture wars -analyst
▼ + stars: | 2023-09-20 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

[1/2] Items with a rainbow-coloured design are seen in a Pride section of a gift shop at the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022. REUTERS/Octavio Jones/File Photo Acquire Licensing RightsSept 20 (Reuters) - Walt Disney (DIS.N) CEO Bob Iger told investors the company will "quiet the noise" in a culture war that has pitted social conservatives against the global media and entertainment conglomerate, according to an analyst note on Wednesday. Iger previously said the company planned to spend $17 billion in investment at Walt Disney World over the next 10 years. At the time, Iger was responding to an investor who said the company was becoming too concerned with social issues. “Our primary mission needs to be to entertain ... and to have a positive impact on the world,” Iger said at the time.

Persons: Octavio Jones, Walt Disney, Bob Iger, Laura Martin, Disney, Wall, Ron DeSantis, “, Iger, Halle, Ariel, ” Iger, Dawn Chmielewski, Marguerita Choy Organizations: Walt Disney, REUTERS, Needham, Walt Disney World, Disney, ESPN, Central, Universal Orlando, Parks, Pixar Animation, Thomson Locations: Orlando , Florida, U.S, Florida, Central Florida, Halle Bailey, Los Angeles

☆ Guest view: Bank balance sheets hide climate risks
▼ + stars: | 2023-09-15 | by ( Natasha Landell-Mills | ) www.reuters.com time to read: +7 min

First, banks’ financial statements appear to be ignoring climate risks, which means financial institutions are probably also leaving those dangers out of their capital calculations. Second, a regulatory regime that understates the expected consequences of climate change is allowing the banks’ blind spot to persist. The few banks that refer to climate risks in their accounts tend to conclude that it is not material. Second, banks need to take a prudent view of climate risks in their financial statements. The sooner the banking sector internalises climate risks in its accounting, the better the chance of building a sustainable future.

Persons: Wells Fargo’s, Banks, Natasha Landell, Mills, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, HSBC, HK, “ Management, prudential, The, Greening, Central, Institute, Faculty of Actuaries, University of Exeter, Institutional, Sarasin, Partners, Thomson

☆ Amazon opens its biggest last-mile delivery center in Latin America
▼ + stars: | 2023-09-14 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +2 min

MEXICO CITY, Sept 14 (Reuters) - Amazon (AMZN.O) on Thursday inaugurated its largest last-mile delivery center in Latin America, a warehouse in Mexico's capital, as it seeks to offer faster deliveries in one of the region's most populous cities. The new Mexico City site, measuring 30,000 square meters (more than 322,000 square feet), is the largest Latin America "delivery station" for Amazon, referring to warehouses that specialize in last-mile deliveries to consumers. Amazon also operates larger warehouses known as "fulfillment centers," which can be over 92,900 sq meters (a million square feet). Altogether Amazon operates about 40 warehouses throughout Mexico, employing more than 8,000 people directly and another 32,000 indirectly. Some 22 million people live in and around Mexico City, one of the biggest urban centers in Latin America.

Persons: Mercado, Diana Frances, Ken Salazar, Andres Manuel Lopez Obrador, Daina Beth Solomon, Sandra Maler Organizations: MEXICO CITY, Mercado Libre, Walmart, Amazon, Thomson Locations: MEXICO, Latin America, Mexico, Argentina, America, Mexico City

REUTERS/Johnny Carvajal Acquire Licensing RightsCARACAS, Sept 7 (Reuters) - Before they were arrested and sentenced to 16 years in prison on conspiracy charges, the six Venezuelan activists marched peacefully to call for better salaries for teachers, according to their families and lawyers. The latest moves by Venezuelan authorities demand a coordinated response from other countries, advocates said. He has long accused Venezuela's opposition of seeking to spread chaos. "But obviously I don't have faith in Venezuelan justice," said Oropeza, the wife of activist Bracho. Reporting by Vivian Sequera; Writing by Julia Symmes Cobb; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Oropeza, Alcides, Johnny Carvajal, Nicolas Maduro's, Yorbelis Oropeza, Fionnuala Ni Aolain, Clement Nyaletsossi Voulue, Juan Pappier, Gonzalo Himiob, Hugo Chavez, Venezuela's, Maduro, Javier Tarazona, Tarazona, Roland Carreno, Joel Garcia, Tarazona's, Himiob, Valentina Ballesta, Franks Cabana, Oscar Perez, Ana Leonor Acosta, Xiomara Andara, John Alvarez, Garcia, Bracho, Vivian Sequera, Julia Symmes Cobb, Daniel Wallis Organizations: REUTERS, Rights, Maduro, Judiciary, United Nations, Human Rights, Foro Penal, Amnesty International, Coalition for Human Rights, Democracy, Thomson Locations: Caracas, Venezuela, Rights CARACAS, U.S, they'll, Foro, Russia, China, Colombia, Brazil, Colombian, Venezuelan

[1/7] People attend what North Korean state media report was the country's launching ceremony for a new tactical nuclear attack submarine, in North Korea, in this handout image released September 8, 2023. North Korea plans to turn its existing submarines into nuclear weapons-armed attack submarines, and accelerate its push to build nuclear-powered submarines, Kim said. North Korea has test-fired a number of submarine launched ballistic missiles (SLBMs) and cruise missiles that can be fired from submarines. It is also unclear whether North Korea has fully developed the miniaturised nuclear warheads needed to fit on such missiles. North Korea has a large submarine fleet but only the experimental ballistic missile submarine 8.24 Yongung (August 24th Hero) is known to have launched a missile.

Persons: Kim Jong Un, KCNA, Kim Kun, Kim, they've, Tal Inbar, Vladimir Putin, Yoon Suk, Premier Li Qiang, Soo, hyang Choi, Leslie Adler, Sandra Maler, Jonathan Oatis Organizations: North, KCNA, REUTERS Acquire, Rights, ., DPRK, Democratic People's, Carnegie Endowment, International, Missile Defense Advocacy Alliance, Twitter, South, Premier, Security, Thomson Locations: North Korea, Rights SEOUL, Japan, Democratic People's Republic of Korea, Korean, United States, South Korea, State, Korea, U.S, Russia, Moscow, Jakarta, Beijing

Sky-high food inflation after erratic monsoon rains damaged crops and disrupted supply chains. Food inflation for July hit a staggering 11.5%, far more than 4.6% in June and marking a three-year high. Even when customers do purchase fashion items, they buy far fewer than they once would have, some of the managers also said. The downturn in fashion spending has also been accompanied by a slide in spending at restaurant chains like Domino's. In some encouraging signs, tomato prices have eased off peaks and India's central bank chief last week said vegetable prices, which have begun to soften, will decline from September.

Persons: Zink London, Skechers, Kaushik Das, Madan Sabnavis, Anjali Mohanty, Tanvi Mehta, Riddhima, Dhwani Pandya, Jatindra, Saurabh Sharma, Aditya Kalra, Edwina Gibbs Organizations: NEW, Euromonitor, Reuters, Skechers USA, Deutsche Bank, Retail, Bank of Baroda, Dhwani, Thomson Locations: NEW DELHI, MUMBAI, New Delhi, Zink London, Mumbai, Bhubaneswar, Chennai, Lucknow

Burger King's new chicken sandwich "Ch'King" is seen on display in New York, NY, U.S. May 19, 2021. "Even tomatoes need a vacation ... we are unable to add tomatoes to our food," read notices pasted at two Burger King India outlets. The burger chain, one of India's biggest with nearly 400 outlets, joins many McDonald's and Subway stores that have removed tomatoes from menus as India's food inflation this week hit its highest since January 2020. reads a question on the support page of Burger King India's web site. Restaurant Brands Asia (RESR.NS), which operates Burger King in India, did not respond to requests for comment.

Persons: Burger, Aleksandra Michalska, Amnish Aggarwal, Narendra Modi's, Manoj Kumar, Aditya Kalra, Conor Humphries Organizations: REUTERS, Burger King, Restaurant Brands, Thomson Locations: New York, NY, U.S, DELHI, CHENNAI, Burger King India, Burger, India, India's, Nepal, New Delhi, Chennai

☆ Apps Like Dipsea and Quinn are Redefining Pleasure for Women
▼ + stars: | 2023-07-31 | by ( Sarah Diamond | ) www.nytimes.com time to read: +10 min

AudioStories AreRedefiningPleasure forWomen Apps like Dipsea and Quinn have become popular destinations, particularly for some women who find them safe spaces to explore their sexuality. On average, subscribers for Dipsea are women between 18 and 34, the company said, while Quinn’s are women ages 18 to 24. I s w a l l o w e d a s m a l l m o a n . ” “ H m , c o m e h e r e t h e n . ” “ G e t i t o u t o f o u r s y s t e m s .

Persons: Quinn, Liz, Sevyn, Dipsea, Bloom, ”, Caroline Spiegel, Evan, “, ” Ms, Spiegel, Hannah Albertshauser, Michael, Albertshauser, you’re, Mal Harrison, Dominnique Karetsos, Karetsos, Dame, Gina Gutierrez, Faye Keegan, ” ‘ It’s, Liv Trexler, it’s, Trexler, “ It’s, ” Angela Sarakan, ” Olivia Taylor, that’s, ’, Ms, Taylor, Aisha Jordan, Jordan, Nicole Prause, Prause, Lone Wolf, Shannon Lin Organizations: Facebook, Center for Erotic Intelligence, Healthy, Group, Getty Images Locations: California, Germany, Brooklyn

☆ UPS labor deal could pressure delivery firm's annual outlook, say analysts
▼ + stars: | 2023-07-26 | by ( Aishwarya Nair | ) www.reuters.com time to read: +2 min

July 26 (Reuters) - A tentative labor deal between United Parcel Service (UPS.N) and the Teamsters union on Tuesday could pressure full-year outlook for the world's largest parcel delivery firm, according to analysts. UPS shares closed down 1.9% on Tuesday signaling investor worries about the labor deal's impact on costs. Analysts say the new agreement could weigh on the company's margins at a time when most operators are cutting costs to protect profits amid an industry-wide slowdown. Susquehanna analyst Bascome Majors expects the new deal could drive UPS' cost per piece 2.5% higher than the brokerage's current expectations. Meanwhile, Wells Fargo analyst Allison Poliniak estimated the new contract could reduce UPS' 2024 earnings per share by more than $1.

Persons: Stephens, Jack Atkins, Majors, Fadi Chamoun, Wells, Allison Poliniak, Aishwarya Nair, Priyamvada, Shounak Dasgupta Organizations: United Parcel Service, Teamsters, UPS, FedEx, Susquehanna, BMO, Thomson Locations: U.S, Bengaluru

July 19 (Reuters) - Tesla (TSLA.O) CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in "turbulent times", even as his all-out price war on automaker rivals squeezes the company's own margins. The large price cuts have pressured Tesla's automotive gross margin, a closely watched indicator in the industry, but Musk has said Tesla would sacrifice margin to drive volume growth. As an example, Tesla this year cut U.S. prices of its Model Y long-range version by a quarter to $50,490. In 2020, Musk unveiled a plan to produce Tesla's own EV batteries called "4680" cells. Tesla said production of the long-delayed electric pickup Cybertruck remained on track for initial deliveries this year.

Persons: Elon Musk, Musk, Tesla, Thomas Martin, Akash Sriram, Hyunjoo Jin, Abhirup Roy, Peter Henderson, Joe White, Sayantani Ghosh, Matthew Lewis, Sam Holmes Organizations: Globalt Investments, EV, Ford, General Motors, Reuters, Thomson Locations: United States, China, Texas, Bengaluru, Hyunjoo, San Francsico

☆ Israel occupation makes Palestinian territories 'open-air prison', UN expert says
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +3 min

GENEVA, July 11 (Reuters) - A United Nations expert on Tuesday said Israel had transformed the occupied Palestinian territories into an "open-air prison" through widespread detentions of Palestinians, an assertion swiftly dismissed by Israel. Francesca Albanese, the U.N. Special Rapporteur on human rights in the occupied territories, told reporters in Geneva that Israel had carried out widespread, systematic and arbitrary detention of Palestinians since the 1967 Middle East war. Israel's founding in 1948, defeating Arab armies from around the Middle East, scattered hundreds of thousands of Palestinian refugees through the wider region. In the 1967 Middle East war, Israel captured the West Bank and East Jerusalem from Jordan and Gaza from Egypt. Israel annexed East Jerusalem in a move not recognised internationally, and launched settlements in the West Bank and Gaza.

Persons: Israel, Francesca Albanese, Albanese, Israel's, Gabrielle Tétrault, Farber, William Maclean Organizations: United, Israel, Reuters, Human Rights, West Bank, Thomson Locations: GENEVA, United Nations, Geneva, Israel, East Jerusalem, Jordan, Gaza, Egypt, Jenin

☆ Asia shares edge higher, China disinflation a drag
▼ + stars: | 2023-07-10 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Chinese consumer price figures surprised on the soft side with inflation falling in June and essentially unchanged from a year before. The gains in China helped MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) firm 0.6%. Japan's Nikkei (.N225) eased 0.7% in the wake of a higher yen, while South Korea (.KS11) added 0.2%. Fed officials have been mostly hawkish in their communications, while markets have also priced in higher rates in Europe and the UK. Canada's central bank meets this week and markets imply a 67% chance of another hike.

Persons: Bonds, Yen, Goldman Sachs, Brent, Wayne Cole, Stephen Coates Organizations: Nikkei, SYDNEY, Alibaba, HK, Japan's Nikkei, South, Nasdaq, JPMorgan Chase, Citigroup, PepsiCo, Federal Reserve, Fed, Thomson Locations: U.S, China, Beijing, reflating, Hong, Asia, Pacific, Japan, South Korea, Wells Fargo, Europe, Saudi Arabia, Russia

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